Sanchez is out of contract at the end of the season and Wenger would much prefer to see him go to Paris St-Germain, having asked about a swap deal involving attacker Julian Draxler.

But now Liverpool have made contact about Lozano. Klopp also has his own worries with Barcelona still keen on swooping for Philippe Coutinho, having tried to sign him for £115m in the summer.

Their chief executive, Oscar Grau, has gone on record to say the La Liga giants will go back in for him again in the winter window.

Wenger knows he needs an exciting signing to lift the club’s floundering season, with them out of the Champions League and lying fifth in the Premier League 19 points off streaking ahead leaders Manchester City.

Starsport revealed last week how Wenger wants to boost his defence by landing out-of-favour Chelsea centre-back David Luiz for £30m.